Hollysys Automation Technologies Ltd (NDAQ:HOLI) was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, StockTargetPrices.com reports.

Shares of Hollysys Automation Technologies (NDAQ:HOLI) opened at 17.19 on Wednesday. The firm has a 50-day moving average of $17.80 and a 200-day moving average of $19.76. Hollysys Automation Technologies has a 52-week low of $15.69 and a 52-week high of $23.55. The company has a market cap of $1.04 billion and a P/E ratio of 11.99.

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About Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.

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